Jane Street Group LLC Purchases 11,612 Shares of Universal Co. (NYSE:UVV)

Jane Street Group LLC grew its position in shares of Universal Co. (NYSE:UVV) by 30.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,849 shares of the company’s stock after buying an additional 11,612 shares during the period. Jane Street Group LLC owned 0.20% of Universal worth $2,647,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in Universal by 82.6% during the third quarter. GAMMA Investing LLC now owns 672 shares of the company’s stock valued at $36,000 after purchasing an additional 304 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of Universal in the second quarter valued at approximately $43,000. Canada Pension Plan Investment Board purchased a new stake in shares of Universal during the 2nd quarter valued at approximately $48,000. KBC Group NV boosted its holdings in Universal by 57.8% in the 3rd quarter. KBC Group NV now owns 1,141 shares of the company’s stock worth $61,000 after buying an additional 418 shares during the period. Finally, Innealta Capital LLC purchased a new position in Universal in the 2nd quarter valued at approximately $108,000. Institutional investors own 81.00% of the company’s stock.

Universal Trading Up 0.3 %

Shares of UVV stock opened at $54.63 on Friday. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 11.24 and a beta of 0.81. The company’s fifty day simple moving average is $53.86 and its two-hundred day simple moving average is $51.88. Universal Co. has a 1 year low of $45.19 and a 1 year high of $67.80. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.60 and a quick ratio of 0.96.

Universal declared that its board has authorized a share buyback plan on Thursday, November 7th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to buy up to 7.8% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Universal Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Monday, January 13th will be issued a dividend of $0.81 per share. The ex-dividend date of this dividend is Monday, January 13th. This represents a $3.24 dividend on an annualized basis and a yield of 5.93%. Universal’s dividend payout ratio (DPR) is 66.67%.

Universal Company Profile

Universal Corporation processes and supplies leaf tobacco and plant-based ingredients worldwide. The company operates through two segments, Tobacco Operations; and Ingredients Operations. It is involved in the procuring, financing, processing, packing, storing, and shipping leaf tobacco for sale to manufacturers of consumer tobacco products.